NBK ac­knowl­edges Cen­tral Bank’s risk credit pro­ce­dures

The Na­tional Bank of Kuwait’s (NBK) Deputy Chief Credit Risk Of­fi­cer He­sham Barakat said that the Cen­tral Bank of Kuwait closely watches the bank­ing sec­tor units in terms of risk credit, which em­pha­sizes and en­hances its role in mon­i­tor­ing the lo­cal bank­ing sec­tor and pro­tect­ing it from eco­nomic vari­ables more pro­fes­sion­ally.

Speak­ing at the side­lines of NBK’s train­ing pro­gram for busi­ness jour­nal­ists, Barakat said that NBK was one the most con­ser­va­tive banks in terms of credit, adding that this helped steer the bank through rapid lo­cal and in­ter­na­tional de­vel­op­ments, es­pe­cially since the bank has branches in four con­ti­nents. The train­ing pro­gram is held from Oc­to­ber 22, 2016 and to April 1, 2017.